Like almost everything in the Texas, the construction industry in the Lone Star State is big. One in every 13 workers here is employed in the state's $54 billion-per-year construction industry.
Homebuilding and commercial construction may be an economic driver for the state, but it's also an industry riddled with hazards. Years of illegal immigration have pushed wages down, and accidents and wage fraud are common. Of the nearly 1 million workers laboring in construction here, approximately half are undocumented.
It's college touring season, and many parents are on the road with their teenagers, driving from school to school and thinking about the college application — and financial aid — process that looms ahead.
Many baby boomers have already been through this stage with their kids, but because the generation spans about 20 years, others still have kids at home. So how should boomers plan to pay for school when, on average, students graduate from college in the U.S. with $25,000 in debt?
Let us now ponder the exquisite status of Tiger Woods, who has clawed back to the top of the charts thereby to proclaim, with the help of his Nike mouthpiece, that his ragged and raw past few years never really happened because — ta-da –– as his ad says: "Winning takes care of everything."
And yes, indeed, he is No. 1 in the rankings again. And, too, he has a beautiful new girlfriend, although, of course, I will not mention her name here, so as not to be a member of what he calls the "stalkerazzi."
When President Obama on Wednesday unveils his blueprint for the government's 2014 budget, he'll offer lots of ideas for changes in taxes and spending.
But the proposal likely to grab the most attention will be the one dealing with cost-of-living adjustments for Social Security recipients. Many economists would applaud a change in the way Social Security officials measure inflation, but many older Americans may hiss, fearing a new formula will cut their benefits.
Bitcoin, the digital currency that trades outside the control of central banks and international borders, reached new heights Tuesday, surpassing the $200 mark for the first time. That level comes just five days after bitcoin approached $150, a development that Mt.Gox, the largest exchange service for the currency, deemed to be "epic."
Bitcoin's rise has been sharp. It was only two months ago that exchange rates put a single bitcoin's value at around $20.
University of Louisville fans have had a lot to cheer about lately — and not just basketball.
Monday's big victory by Louisville's men's basketball team over Michigan is just the latest success for the school and for an athletic department that is quickly becoming one of the country's most admired.
In January, the football team upset fourth-ranked Florida to win the Sugar Bowl, and coach Charlie Strong turned down a lucrative offer from the University of Tennessee to continue rebuilding the Louisville program.